Nifty: Resistance 2775/2799/2820
Support 2750/2725/2680
Yesterday wrote that breakout of 2725 zone will lead Nifty towards 2760/2799 zone. Nifty took support @ 2725 zone & rallied towards are said levels & closed @ 2771.
Today watch out for 2775 & 2820 zone as stiff resistance zone. As January month settlement is just 1 day away, we may see more of Stock-Specific movements.
Further rally may be considered break above 2820 zone, or till then this will be just termed as a short-covering.
After real-estate sector, Avoid Oil Marketing Companies.
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